Reserve Bank of Zimbabwe (RBZ) deputy director for financial markets William Manhimanzi said the interbank foreign exchange market has so far traded over $33 million.
Speaking at the Institute of Chartered Accountants of Zimbabwe monetary policy review in Bulawayo last Friday, Manhimanzi said:
To date over $33 million has been traded on the interbank foreign exchange market. It’s not necessarily what we gave them . . . we’re fairly pleased, obviously we want more trades to actually happen. Obviously, people are still holding on because of the 2,5 exchange rate, which was perceived to have been a fixed exchange rate and for those that follow the exchange rate you will see it moving trending upwards going forward.
Are you in Zimbabwe?
Read Pindula News without data on your phone on freedata.pindula.co.zw
Only Applicable to Econet lines